| Megatech | |
| Type: | Joint venture |
| Fate: | Sold to Volkswagen Group |
| Foundation: | 1990s |
| Defunct: | 1998 |
| Location Country: | Indonesia (registered in Bermuda) |
| Key People: | Hutomo Mandala Putra |
| Products: | Supercars development |
Megatech is a Bermuda-registered company that pursued the development of various supercars. It is jointly owned by Hutomo (Tommy) Mandala Putra, the youngest son of President Suharto of Indonesia, and Mycom Setdco, a Bermuda-based subsidiary of Mycom Bhd.[1]
In 1994, MegaTech purchased the Lamborghini brand for $40 million. It then sold it to Audi AG in 1998 for $110 million. It also caused the closure of Vector Aeromotive in 1993, when the company attempted a hostile takeover at the expense of Vector founder Jerry Wiegert.[2]